- The Philippines’ ranking in a long-term trade sustainability study went three places higher
- The country was tagged as the most educated among low-income economies on the index
- The index measures the readiness of an economy in global trade through three pillars of sustainability — economic, social, and environmental
The Philippines’ ranking in the 2018 Hinrich Foundation’s Sustainable Trade Index, which measures long-term trade sustainability, went three notch higher compared to the previous survey in 2016; as posted on Business World website.
The copy of the report distributed on Tuesday states that, “the Philippines was a top performer among the low-income economies in the 2018 Index, outperforming the middle-income economies of Malaysia and Thailand in overall scores.
“The Philippines saw a major improvement in its social pillar ranking in 2018, which was partially offset by a substantial decrease in the economic pillar.”
The index measures the readiness of an economy in global trade through three pillars of sustainability — economic, social, and environmental.
In terms of social pillar, as per Philippine News Agency, the country’s ranking went eight spots higher from rank 19 in 2016 to rank 11 this year; which was, as noted by research fellow Stephen Olson, one among the economies which increased in the pillar’s ranking while there’s an overall stagnation.
The country was also tagged as the most educated among low-income economies on the index, and the second lowest level of air pollution.
It maintained its 2016 standing as the sixth in the environment protection category.
However, the Philippines’ ranking fell from rank 9 to rank 15 in terms of the economic pillar.
Hinrich Foundation is a non-profit organization undertaking trade-related policy research and development work in Asia.
The index ranks 20 countries which include the United States and 19 Asian economies.
Hongkong came first this year, followed by South Korea, then Singapore.